United Express Inc. Files 10-Q for Q2 2025

TL;DR

**UEI files Q2 10-Q. Financials for period ending 12/31/24.**

AI Summary

United Express Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of their fiscal year. The company is incorporated in Nevada and operates in the transportation services sector.

Why It Matters

This 10-Q filing provides investors with an update on United Express Inc.'s financial performance and operational status for the second quarter of fiscal year 2025.

Risk Assessment

Risk Level: low — This filing is a routine quarterly report and does not contain immediate, significant risk-altering information.

Key Players & Entities

• United Express Inc. (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of the reporting period
• 20250210 (date) — Filing date
• TRANSPORTATION SERVICES [4700] (industry) — Company's Standard Industrial Classification
• NV (location) — State of incorporation

FAQ

Key Financial Figures

• $2,000 — iquidity and Capital Resources We had $2,000 of cash on hand as of December 31, 2024
• $27,957 — ash on hand as of December 31, 2024 and $27,957 on hand as of December 31, 2023. Our cu
• $39,232 — , 2024, the Company recorded revenue of $39,232 primarily from logistics services. For
• $163,635 — , 2023, the Company recorded revenue of $163,635 primarily from logistics services. Co
• $2,114,000 — ed December 31, 2024 is nil compared to $2,114,000 for the three months ended December 31,

Filing Documents

• form10-q.htm (10-Q) — 264KB
• ex31-1.htm (EX-31.1) — 11KB
• ex32-1.htm (EX-32.1) — 4KB
• 0001493152-25-005610.txt ( ) — 1634KB
• unxp-20241231.xsd (EX-101.SCH) — 16KB
• unxp-20241231_cal.xml (EX-101.CAL) — 23KB
• unxp-20241231_def.xml (EX-101.DEF) — 27KB
• unxp-20241231_lab.xml (EX-101.LAB) — 117KB
• unxp-20241231_pre.xml (EX-101.PRE) — 90KB
• form10-q_htm.xml (XML) — 139KB

forward-looking statements

forward-looking statements. 2 TABLE OF CONTENTS Page PART I

Financial Statements

Financial Statements 4 Item 1. 4 Balance Sheets as of December 31, 2024 and June 30, 2024 4 5 6 7

Notes to Financial Statements

Notes to Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 13

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 13

Controls and Procedures

Item 4. Controls and Procedures 13

Other Information

PART II Other Information 14

Legal Proceedings

Item 1. Legal Proceedings 14 Item IA. Risk Factors 14

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 14

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 14

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 14

Other Information

Item 5. Other Information 14

Exhibits

Item 6. Exhibits 15

Signatures

Signatures 16 3 PART I - FINANCIAL INFORMATION Item 1. Financial Statements UNITED EXPRESS, INC. BALANCE SHEET DECEMBER 31, 2024 AND JUNE 30, 2024 December 31, 2024 June 30, 2024 Unaudited - Audited ASSETS CURRENT ASSETS: Cash $ 2,000 $ 15,602 TOTAL CURRENT ASSETS $ 2,000 $ 15,602 NON-CURRENT ASSETS: Intangibles $ 13,098,890 $ 13,098,890 production and stage equipment $ 610,417 $ 610,417 TOTAL NON-CURRENT ASSETS $ 13,709,307 $ 13,709,307 TOTAL ASSETS $ 13,711,307 $ 13,724,909 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Other Payables $ - $ 1 Accrued Accounts Payable $ 1,100,422 $ 1,091,458 TOTAL CURRENT LIABILITIES $ 1,100,422 $ 1,091,459 STOCKHOLDERS' EQUITY Common stock, $ 0.001 par value; 75,000,000 shares authorized 29,372,951 shares issued and outstanding at June 30, 2024 and 29,372,951 shares issued and outstanding at December 31, 2024, respectively $ 29,372 $ 29,372 Additional paid in capital $ 15,159,439 $ 15,159,439 Accumulated Deficit $ ( 2,577,926 ) $ ( 2,555,361 ) TOTAL STOCKHOLDERS' EQUITY $ 12,610,885 $ 12,633,450 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,711,307 $ 13,724,909 See

notes to financial statements

notes to financial statements 4 UNITED EXPRESS, INC. OF OPERATIONS (UNAUDITED) FOR THE THREE MONTHS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023 FOR THE SIX MONTHS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023 For the three months ended December 31, 2024 For the three months ended December 31, 2023 For the six months ended December 31, 2024 For the six months ended December 31, 2023 REVENUES Sales $ 10,120 $ 48,285 $ 39,232 $ 163,635 TOTAL REVENUES $ 10,120 $ 48,285 $ 39,232 $ 163,635 COST OF SALES TOTAL COST OF GOODS SOLD $ 6,000 $ 17,100 $ 22,700 $ 17,100 GROSS PROFIT (LOSS) $ 4,120 $ 31,185 $ 16,532 $ 146,535 Operating expenses: Consultancy Fees $ 0 $ 2,114,000 $ 0 $ 2,115,000 General and administration expenses $ 5,670 $ 17,832 $ 35,947 $ 26,707 OTC Market fees $ 2,115 $ 2,255 $ 3,150 $ 8,255 TOTAL OPERATING EXPENSES $ 7,785 $ 2,134,087 $ 39,097 $ 2,149,962 INCOME (LOSS) BEFORE INCOME TAXES $ ( 3,665 ) $ ( 2,102,902 ) $ ( 22,565 ) $ ( 2,003,427 ) INCOME TAXES $ 0 $ 0 $ 0 $ 0 NET INCOME (LOSS) $ ( 3,665 ) $ ( 2,102,902 ) $ ( 22,565 ) $ ( 2,003,427 ) NET INCOME (LOSS) PER BASIC AND DILUTED SHARE $ 0 $ 0 $ 0 $ 0 WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING 29,372,951 29,372,951 29,372,951 23,101,523 See

notes to financial statements

notes to financial statements 5 UNITED EXPRESS INC. OF STOCKHOLDERS' EQUITY (UNAUDITED) FOR THE SIX MONTHS ENDED DECEMBER 31, 2024 Shares Par Value APIC (Deficit) Equity Common Stock Accumulated Earnings / Total Stockholders' Shares Par Value APIC (Deficit) Equity Balance, June 30, 2024 29,372,951 $ 29,372 $ 15,159,439 $ ( 2,555,361 ) $ 12,633,450 Net loss for the September period ended - — — $ ( 18,901 ) $ ( 18,901 ) Balance, September 30, 2024 29,372,951 $ 29,372 $ 15,159,439 $ ( 2,574,262 ) $ 12,614,549 Net loss for the December 31, period ended - - - $ ( 3,665 ) $ ( 3,665 ) Balance, December 31, 2024 29,372,951 $ 29,372 $ 15,159,439 $ ( 2,577,926 ) $ 12,610,885 OF STOCKHOLDERS' EQUITY (UNAUDITED) FOR THE SIX MONTHS ENDED DECEMBER 31, 2023 Shares Par Value APIC (Deficit) Equity Common Stock Accumulated Earnings / Total Stockholders' Shares Par Value APIC (Deficit) Equity Balance, June 30, 2023 15,592,000 $ 15,592 $ 59,219 $ ( 74,203 ) $ 608 Balance 15,592,000 $ 15,592 $ 59,219 $ ( 74,203 ) $ 608 Shares issued to acquire Intangibles and Equipment 12,380,951 $ 12,380 $ 12,987,620 $ 0 $ 13,000,000 Issuance of services pursuant for advisory and consultancy fees 1,400,000 $ 1,400 $ 2,112,600 $ 0 $ 2,114,00 Net profit $ ( 2,003,427 ) $ ( 2,003,427 ) Net profit (loss) $ ( 2,003,427 ) $ ( 2,003,427 ) Balance, December 31, 2023 – Restated 29,372,951 $ 29,372 $ 15,159,439 $ ( 2,077,630 ) $ 13,111,181 Balance 29,372,951 $ 29,372 $ 15,159,439 $ ( 2,077,630 ) $ 13,111,181 See

notes to financial statements

notes to financial statements 6 UNITED EXPRESS INC. OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023 For the six months ended December 31, For the six months ended December 31, 2024 2023 Cash flows from operating activities: Net income (loss) $ ( 22,565 ) $ ( 2,003,427 ) Share based payments $ - $ 2,114,000 Increase / (decrease) in trade and other payables $ 8,963 $ 14,765 Net cash (used in) provided by operating activities $ ( 13,602 ) $ 125,338 Cash flows from investing activities: Net cash used in investing activities $ - $ ( 97,990 ) Cash flows from financing activities: Net cash provided by financing activities $ - $ - NET INCREASE (DECREASE) IN CASH $ ( 13,602 ) $ 27,348 CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD $ 15,602 $ 609 CASH AND CASH EQUIVALENTS - ENDING OF PERIOD $ 2,000 $ 27,957 Supplemental non cash disclosures: Issuance of shares to acquire Intangibles and Equipment 12,380,951 See

notes to financial statements

notes to financial statements 7 UNITED EXPRESS, INC. NOTES TO FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED DECEMBER 31, 2024 AND FOR THE SIX MONTHS ENDED DECEMBER 31, 2023 NOTE 1 - Description of Business We are an Emerging Growth Company with revenue generating operations. We were formed on June 23, 2017. United Express operates as a general company of transportation and logistics - to deliver merchandises and other items for companies and individuals across the United States. As such, it is difficult to determine the average customer of the Company as the business has the freedom and the ability to effectively arrange for the transportation of any type of merchandise. The Company receives orders for service from companies seeking to move merchandise, as well as, people relocating to different areas. A primary concern for the Company is its ability to quickly respond to customer requests, provide affordable prices for the services, from pick up to drop off. Fluctuations in oil prices have caused the freight and logistic industries costs to increase during last 3 months. In the event of a significant increase in the price of fuel, we will also reasonably increase prices (at a standardized rate of markup) to ensure the profitability of the business. We also provide dispatch services. This involves the Company doing search for transportation providers and connect them to cargo owners based upon delivery requirements, transportation routes, type of shipment, equipment requirements, cargo size, delivery time and price. We also own assets acquired from Jebour Two Limited and its wholly owned subsidiary, Fighting Leagues TV ("Fighting Leagues"), on September 21, 2023, in exchange for 12,380,951 shares of our common stock issued to shareholders of Jebour Two Limited. The acquired assets include a Nevada State Athletic Commission Professional Promoter license, which will allow us to produce live kickboxing, boxing, and mixed martial arts events in the Stat

Risk Factors in our 10K report

Item 1A Risk Factors in our 10K report. 12 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion and analysis should be read in conjunction with the balance sheet as of June 30, 2024 and December 31, 2023 and the financial statements for the six months period ended December 31, 2024, included herein. The results shown herein are not necessarily indicative of the results to be expected for any future periods. We are an emerging growth company incorporated in the State of Nevada on June 23, 2017. Our business is to provide a comprehensive management service for long and short distance logistics for clients in the Company's target market area. Acquisition of Fighting Leagues The acquisition of the assets of Fighting Leagues, specifically including the promotor's license, past media rights and production and staging equipment, will allow the Company to assess the viability of promoting such combat sports events in the State of Nevada. Whilst the assets acquired provides the Company the infrastructure and licenses to promote and hold such fights, the Company continues to assess the profitability and time and effort required to hold such events in the State of Nevada since to hold such events requires significant planning and capital and any potential earnings from such events may not be realized for up to 6-9 months. At present we lack the capital resources to plan and hold such events. Cash Requirements, Liquidity and Capital Resources We had $2,000 of cash on hand as of December 31, 2024 and $27,957 on hand as of December 31, 2023. Our current cash on hand is likely insufficient to meet working capital and capital expenditure needs unless we generate substantial additional revenue or secure additional debt or equity financing. We do not have any commitments for additional capital and there can be no assurance that we will be successful in obtaining any capital we may need on acceptable te

Controls and Procedures

Item 4. Controls and Procedures Pursuant to Item 305(e) of Regulation S-K ( 229.305(e)), the Company is not required to provide the information required by this Item as it is a "smaller reporting company," as defined by Rule 229.10(f)(1). Disclosure

controls and procedures

controls and procedures Management's Evaluation of Disclosure Controls and Procedures Under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer,

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